Fossil Group (FOSL) distributes its products in myriad ways: wholesale in countries where it has a physical presence, direct to the consumer through its retail stores, from Web sites, and through third party distributors.

Its offerings include a line of men’s and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, and clothing.

New products, such as smart watches, are also attracting a lot of attention. Fossil has an agreement with Google and Intel to introduce a new smart watch in 2015.

Sales will likely rise 9% and EPS will surge 37% to 8.15 in 2015. Results could receive an additional boost if Fossil’s new smart watch takes off. The company’s weak second-quarter results caused the stock to drop from a high of $135.

Robust financial results in the third quarter present a harbinger of better sales and earnings ahead.

FOSL shares are somewhat expensive at 18.2 times current EPS, but EPS are forecast to rise 13% per year during the next five years.

The balance sheet is strong with low debt and lots of cash available to fund future needs. Fossil does not pay a dividend, but that could change within the next couple of years. Buy FOSL now.